The Eastern Mediterranean Energy Bonanza: A Piece in the Regional and Global Geopolitical Puzzle, and the Role of the European Union

This article examines current energy-related disputes in the Eastern Mediterranean. It does so by situating them in the context of the Middle East’s broader geopolitical landscape and by showing how global powers’ interests and involvement have become contingent on the international and regional pol...

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Main Authors: Badarin Emile, Schumacher Tobias
Format: Article
Language:English
Published: De Gruyter 2022-09-01
Series:Comparative Southeast European Studies
Subjects:
Online Access:https://doi.org/10.1515/soeu-2022-0036
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author Badarin Emile
Schumacher Tobias
author_facet Badarin Emile
Schumacher Tobias
author_sort Badarin Emile
collection DOAJ
description This article examines current energy-related disputes in the Eastern Mediterranean. It does so by situating them in the context of the Middle East’s broader geopolitical landscape and by showing how global powers’ interests and involvement have become contingent on the international and regional political environments. The latter augmented the intensity of the contestation and helped move identifiable and tangible factors, such as Exclusive Economic Zones, into the imaginative realms of geopolitics. They also provided the concerned actors with opportunities to balance out their adversaries and, by implication, diminished their willingness to compromise. Although the global powers’ interest in Eastern Mediterranean energy resources is limited, the European Union does have interests in these reserves and related aspects. The fact that the monetisation of these resources is highly dependent on the EU market provides the EU with an immense amount of “buyer power” to stabilise the region and potentially balance the fears of both Greece and Turkey.
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spelling doaj.art-4bffadb2e2914b20a31351cd6bdc31992022-12-22T04:35:04ZengDe GruyterComparative Southeast European Studies2701-81992701-82022022-09-0170341443810.1515/soeu-2022-0036The Eastern Mediterranean Energy Bonanza: A Piece in the Regional and Global Geopolitical Puzzle, and the Role of the European UnionBadarin Emile0Schumacher Tobias1College of Europe, Natolin (Warsaw), PolandNorwegian University of Science and Technology (NTNU), Trondheim, NorwayThis article examines current energy-related disputes in the Eastern Mediterranean. It does so by situating them in the context of the Middle East’s broader geopolitical landscape and by showing how global powers’ interests and involvement have become contingent on the international and regional political environments. The latter augmented the intensity of the contestation and helped move identifiable and tangible factors, such as Exclusive Economic Zones, into the imaginative realms of geopolitics. They also provided the concerned actors with opportunities to balance out their adversaries and, by implication, diminished their willingness to compromise. Although the global powers’ interest in Eastern Mediterranean energy resources is limited, the European Union does have interests in these reserves and related aspects. The fact that the monetisation of these resources is highly dependent on the EU market provides the EU with an immense amount of “buyer power” to stabilise the region and potentially balance the fears of both Greece and Turkey.https://doi.org/10.1515/soeu-2022-0036eastern mediterraneannatural gasmaritime bordersmiddle east geopoliticseuropean union
spellingShingle Badarin Emile
Schumacher Tobias
The Eastern Mediterranean Energy Bonanza: A Piece in the Regional and Global Geopolitical Puzzle, and the Role of the European Union
Comparative Southeast European Studies
eastern mediterranean
natural gas
maritime borders
middle east geopolitics
european union
title The Eastern Mediterranean Energy Bonanza: A Piece in the Regional and Global Geopolitical Puzzle, and the Role of the European Union
title_full The Eastern Mediterranean Energy Bonanza: A Piece in the Regional and Global Geopolitical Puzzle, and the Role of the European Union
title_fullStr The Eastern Mediterranean Energy Bonanza: A Piece in the Regional and Global Geopolitical Puzzle, and the Role of the European Union
title_full_unstemmed The Eastern Mediterranean Energy Bonanza: A Piece in the Regional and Global Geopolitical Puzzle, and the Role of the European Union
title_short The Eastern Mediterranean Energy Bonanza: A Piece in the Regional and Global Geopolitical Puzzle, and the Role of the European Union
title_sort eastern mediterranean energy bonanza a piece in the regional and global geopolitical puzzle and the role of the european union
topic eastern mediterranean
natural gas
maritime borders
middle east geopolitics
european union
url https://doi.org/10.1515/soeu-2022-0036
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